Czech purchase approved for Royalstar Resources
Partners Royalstar Resources (VSE) and Paramount Ventures & Finance (VSE) have received approval from a Czech court for their acquisition of an 80% interest in a Czech company which owns the Kasperske…
1993
PEOPLE — LAC DES ILES MINES
Ernie Marcotte appointed vice-president and general manager. NORTH AMERICAN PALLADIUM Ernie Marcotte appointed vice-president, mining operations.
Orvana intersects high grade at Butte Highlands
The first hole of a planned US$300,000 program at the Butte Highlands gold project in central Montana has intersected 225 ft. grading 0.69 oz. gold per ton from 755 ft. to 980 ft. Orvana Minerals (TSE…
OPINION — The changing world of finance
Four basic positive factors are driving change in the world of finance and will continue to shape events for years to come: technology, globalization, deregulation and demographics. The most important…
Grouse Creek on-stream in late 1994 — Great Lakes buys slice
In a bit of a twist from the norm, junior company Great Lakes Minerals (TSE) has signed a deal with New York-listed Hecla Mining, a senior producer, to fund part of the development of Hecla’s Grouse C…
Placer Dome to develop Zaldivar
A Chilean company held equally by Placer Dome (TSE) and Outokumpu Copper Resources will build a solvent extraction-electrowinning plant at the Zaldivar project in Chile. Placer Dome says the plant, wh…
Ariel acquires three properties
Costa Rican gold producer Ariel Resources (VSE) has acquired three additional properties at the northern end of the Central American country’s Gold Belt. The properties, named Boston, Gongolona and An…
NEWS ROUNDUP — New receiver for Faro assets
A new court-appointed interim receiver has been appointed for the Faro mine assets of Curragh (TSE) in the Yukon. Peat Marwick Thorne has replaced Deloitte and Touche, which was being partially funded…
More gold is reported at Damoti Lake project
Further assay results from drilling at the Damoti Lake property, 150 km north of Yellowknife, N.W.T., have extended the previously discovered gold zone to the north. Athabaska Gold Resources (TSE), op…
PRODUCER PRICES (October 25, 1993)
ALUMINUM: MW U.S. market US51.50-52.25 cents per lb. (Oct. 7, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 199…
Bre-X drilling in Indonesia
Diamond drilling has begun on two advanced properties in Indonesia, Bre-X Minerals (ASE) reports. At the Busang prospect, in East Kalimantan on the island of Borneo, a 1,000-metre program is under way…
Encouraging Buckhorn gold values
Shallow drilling on the Buckhorn property in Nevada has returned several gold intersections for partners Equinox Resources (TSE), Pathfinder Resources and Cominco Resources International (TSE). The re…